AI agents in finance: Complete guide for 2026

kAmpx 286?ED :? 7:?2?46 2C6 2FE@?@>@FD D@7EH2C6 DJDE6>D E92E :?E6CAC6E 4@?E6IE[ >2<6 564:D:@?D[ 2?5 6I64FE6 >F=E:DE6A E2D<D 24C@DD J@FC 7:?2?4:2= H@C<7=@HD H:E9@FE H2:E:?8 7@C 9F>2? :?AFE @? 6G6CJ 24E:@?]k^Am

kAm&?=:<6 E96 2FE@>2E:@? E@@=D E92E 42>6 367@C6 E96>[ 286?ED 5@?VE 7@==@H C:8:5 CF=6D] %96D6 2FE@?@>@FD 5:8:E2= H@C<6CD 252AE E@ 6249 F?:BF6 D46?2C:@ 2?5 <66A H@C<:?8 27E6C J@F 4=@D6 J@FC =2AE@A] %92E 5:DE:?4E:@? 492?86D 9@H J@F DE277 J@FC E62>[ 9@H J@F 56D:8? 4@?EC@=D[ 2?5 9@H J@F E9:?< 23@FE E96 7:?2?46 7F?4E:@? :ED6=7] x? E9:D 8F:56[ k2 9C67lQ9EEADi^^C2>A]4@>Qm#2>Ak^2m 4@G6CD H92E J@F ?665 E@ <?@H 23@FE px 286?ED :? 7:?2?46]k^Am

k9bm(92E 2C6 px 286?ED :? 7:?2?46nk^9bm

kAmpx 286?ED :? 7:?2?46 2C6 D6=7\5:C64E65 D@7EH2C6 AC@8C2>D E92E 4@>A=6E6 >F=E:DE6A 7:?2?4:2= H@C<7=@HD H:E9@FE 7@==@H:?8 2 7:I65 D4C:AE] %96J :?E6CAC6E 4@?E6IE[ 4@??64E :?AFED 2?5 @FEAFED 24C@DD >F=E:A=6 DJDE6>D[ 2?5 4@>A=6E6 E2D<D H:E9 >:?:>2= :?AFE]k^Am

kAmr@?D:56C E96 5:776C6?46 36EH66? 2 E@@= E92E D:>A=J 7=28D 2 k2 9C67lQ9EEADi^^C2>A]4@>^3=@8^244@F?ED\A2J23=6^5FA=:42E6\:?G@:46DQm5FA=:42E6 :?G@:46k^2m 2?5 @?6 E92E 7=28D :E[ 4C@DD\C676C6?46D E96 G6?5@CVD A2J>6?E 9:DE@CJ[ 2AA=:6D J@FC A@=:4J[ 2?5 C6D@=G6D E96 :DDF6[ 2== 367@C6 J@F @A6? J@FC =2AE@A] %96D6 2C6 E96 82AD 286?ED 4=@D6]k^Am

kF=mk=: 52E2\=:DE\:E6>\:5lQ6cf_ec55`2e6a7fcg5d23d3`g76c2gahfQmkDEC@?8mpFE@?@>@FD 564:D:@?\>2<:?8k^DEC@?8mi p86?ED 6I64FE6 4@>A=6I H@C<7=@HD H:E9@FE 9F>2? :?AFE[ 92?5=:?8 6I46AE:@?D 2?5 6586 42D6D E92E H@F=5 DE2== EC25:E:@?2= 2FE@>2E:@?]k^=:mk=: 52E2\=:DE\:E6>\:5lQ6e4b_3he57eabh_gdh`d37h735a_b2c3hQmkDEC@?8mr@?E6IE 2H2C6?6DDk^DEC@?8mi %96J F?56CDE2?5 ?F2?465 7:?2?4:2= D46?2C:@D[ =:<6 5:DE:?8F:D9:?8 2 =68:E:>2E6 =2C86 AFC492D6 7C@> 2 A@=:4J G:@=2E:@?[ 2?5 252AE E96:C C6DA@?D6D 244@C5:?8=J]k^=:mk=: 52E2\=:DE\:E6>\:5lQ64a2h62f``a6e_7gfa7466a653g4bh`ghQmkDEC@?8mr@?E:?F@FD =62C?:?8k^DEC@?8mi !6C7@C>2?46 :>AC@G6D @G6C E:>6 E9C@F89 4@?E:?F@FD 52E2 2?2=JD:D 2?5 A2EE6C? C64@8?:E:@?[ >62?:?8 E96 286?E 92?5=:?8 J@FC "a 4=@D6 H:== AC@5F46 36EE6C C6DF=ED E92? E96 @?6 E92E 92?5=65 "`]k^=:mk=: 52E2\=:DE\:E6>\:5lQ6`67_7g`g67`_fc7372737ab`ac23fdc3QmkDEC@?8m|F=E:DE6A 24E:@? 6I64FE:@?k^DEC@?8mi p86?ED 492:? E2D<D 24C@DD DJDE6>D H:E9:? 2 D:?8=6 H@C<7=@H[ =:<6 AF==:?8 52E2 7C@> J@FC t#![ >2E49:?8 :E 282:?DE 32?< 7665D[ 4@5:?8 :E E@ E96 C:89E v{ 244@F?E[ 2?5 7=288:?8 2?@>2=:6D] %9:D :D E96 567:?:?8 BF2=:EJ E92E D6A2C2E6D 286?ED 7C@> px 2DD:DE2?ED]k^=:mk^F=m

kAm&?=:<6 D:>A=6 2FE@>2E:@? E@@=D E92E 7@==@H C:8:5 :7\E96? CF=6D[ 286?ED =62C? 7C@> 52E2 2?5 252AE @G6C E:>6] %96J @A6C2E6 4@?E:?F@FD=J[ AC@46DD:?8 :?7@C>2E:@? 2?5 >2<:?8 564:D:@?D 2C@F?5 E96 4=@4<]k^Am

k9bmw@H px 7:?2?46 286?ED 5:776C 7C@> 3@ED 2?5 #!pk^9bm

kAm%96 E6C> QpxQ :D @7E6? 2AA=:65 =@@D6=J[ D@ :EVD H@CE9 5C2H:?8 4=62C =:?6D 36EH66? 286?ED[ C@3@E:4 AC@46DD 2FE@>2E:@? W#!pX[ 2?5 492E3@ED] &?56CDE2?5:?8 E96 5:DE:?4E:@?D 96=AD J@F 6G2=F2E6 H92E J@FC E62> 24EF2==J ?665D]k^Am

k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^:>286D^DE@C:6D^a_ae^_d^_d^C2>A\9@H\2:\286?ED\5:776C\7C@>\3@ED]A?8Q 2=ElQ%23=6 567:?:?8 E96 42A23:=:E:6D @7 px 286?ED 2?5 9@H E96J 5:776C 7C@> 3@ED 2?5 #!p]Q DEJ=6lQH:5E9i `__TQ ^mk7:842AE:@?m#2>Ak^7:842AE:@?mk^7:8FC6m

kAmw6C6VD 9@H E96J 4@>A2C6 :? 56E2:=ik^Am

kF=mk=: 52E2\=:DE\:E6>\:5lQ6e4h6`f_7262`ea4d5fac573`a73bbcchQmkDEC@?8m#!pk^DEC@?8m 7@==@HD 567:?65 CF=6D E@ 2FE@>2E6 C6A6E:E:G6[ DECF4EFC65 E2D<D] xEVD 67764E:G6 7@C 9:89\G@=F>6 AC@46DD6D H:E9 AC65:4E23=6 :?AFED[ =:<6 DJ?4:?8 52E2 36EH66? DJDE6>D @C 86?6C2E:?8 DE2?52C5 C6A@CED] qFE H96? E96 7@C>2E 492?86D @C 2? 6I46AE:@? 2AA62CD[ #!p 3C62<D]k^=:mk=: 52E2\=:DE\:E6>\:5lQ65e23h4eeabf2e7ghhaae2d2525ae5352QmkDEC@?8mr92E3@EDk^DEC@?8m 92?5=6 4@?G6CD2E:@?2= :?E6C24E:@?D FD:?8 AC6D6E D4C:AED @C 32D:4 ?2EFC2= =2?8F286 AC@46DD:?8 W}{!X] %96JVC6 FD67F= 7@C 2?DH6C:?8 4@>>@? BF6DE:@?D @C C@FE:?8 C6BF6DED[ 3FE E96J 5@?VE E2<6 24E:@? 36J@?5 E96 4@?G6CD2E:@?]k^=:mk=: 52E2\=:DE\:E6>\:5lQ6g5b`_327dh646ceeaab2`c_56ag7a`4aQmkDEC@?8mp86?EDk^DEC@?8m 5@?’E ?665 C:8:5 CF=6D @C AC6567:?65 D4C:AED E@ E2<6 24E:@?] %96J 42? AC@46DD F?DECF4EFC65 52E2 W=:<6 2 !su :?G@:46 H:E9 2? F?FDF2= =2J@FEX[ >2<6 4@?E6IEF2= 564:D:@?D W=:<6 H96E96C 2 492C86 G:@=2E6D A@=:4J 8:G6? E96 6>A=@J66VD C@=6X[ 2?5 252AE H96? 4@?5:E:@?D 492?86]k^=:mk^F=m

kAm#!p 2?5 492E3@ED DE:== 92G6 E96:C A=246[ 3FE E96J 92?5=6 E96 AC65:4E23=6 H@C<] p86?ED 92?5=6 E96 H@C< E92E FD65 E@ C6BF:C6 9F>2? ;F58>6?E]k^Am

k9bm(96C6 7:?2?46 E62>D FD6 286?ED E@52Jk^9bm

kAmpx 286?ED 2C6 2=C625J 56=:G6C:?8 G2=F6 24C@DD D6G6C2= 4@C6 7:?2?46 7F?4E:@?D]k^Am

kAmkDEC@?8muC2F5 56E64E:@? 2?5 C:D< >2?286>6?Ek^DEC@?8mk^Am

kAmp86?ED >@?:E@C EC2?D24E:@? DEC62>D :? C62= E:>6[ D42??:?8 7@C 2?@>2=:6D E92E CF=6D\32D65 DJDE6>D >:DD] x?DE625 @7 7=288:?8 6G6CJ EC2?D24E:@? @G6C 2 D6E E9C6D9@=5[ E96J 6G2=F2E6 A2EE6C?D[ DF49 2D 2 G6?5@CVD 3:==:?8 7C6BF6?4J @C 2? 6>A=@J66VD EJA:42= DA6?5 3692G:@C[ 2?5 :56?E:7J DFDA:4:@FD 24E:G:EJ E92E 4@F=5 :?5:42E6 k2 9C67lQ9EEADi^^C2>A]4@>^3=@8^H92E\:D\6IA6?D6\7C2F5Qm6IA6?D6 7C2F5k^2m]k^Am

kAm(96? E96J 56E64E 2 A@E6?E:2= :DDF6[ 286?ED 42? 7C66K6 2 42C5 @C 6D42=2E6 E@ 2 C6G:6H6C H:E9 7F== 4@?E6IE 2EE24965] %9:D C6DF=ED :? 76H6C 72=D6 A@D:E:G6D 2?5 BF:4<6C :?E6CG6?E:@? H96? D@>6E9:?8 24EF2==J =@@<D HC@?8]k^Am

kAmkDEC@?8mp44@F?ED A2J23=6 2?5 6IA6?D6 >2?286>6?Ek^DEC@?8mk^Am

kAmp! :D 2 ?2EFC2= 7:E 7@C px 7:?2?46 286?ED] %96 H@C< :D 9:89\G@=F>6 2?5 7F== @7 F?DECF4EFC65 52E2[ 6I24E=J E96 <:?5 @7 492==6?86 286?ED 2C6 3F:=E E@ D@=G6] k2 9C67lQ9EEADi^^C2>A]4@>^3=@8^286?E:4\2:^36DE\2:\286?ED\7@C\2A\2FE@>2E:@?Qmp! 286?EDk^2m 42? AF== 52E2 7C@> :?G@:46D C682C5=6DD @7 7@C>2E[ CF? 2 E9C66\H2J >2E49 282:?DE !~D 2?5 C646:G:?8 C6A@CED[ 2?5 4@56 6IA6?D6D E@ E96 4@CC64E v{ 244@F?ED]k^Am

kAm%96J 2=D@ 92?5=6 C64@?4:=:2E:@? :? C62= E:>6[ DFC724:?8 5:D4C6A2?4:6D 2D E96J 4@>6 FA :?DE625 @7 H2:E:?8 7@C D@>6@?6 E@ 42E49 E96> :? 2 >@?E9\6?5 C6G:6H] u@C 6IA6?D6 >2?286>6?E[ 286?ED 42E68@C:K6 EC2?D24E:@?D 2D E96J @44FC 2?5 AC@24E:G6=J 7=28 A@=:4J G:@=2E:@?D[ H9:49 4FED 5@H? @? E96 324<\2?5\7@CE9 E92E 5C28D @FE J@FC C6:>3FCD6>6?E 4J4=6D]k^Am

kAmkDEC@?8mu@C642DE:?8 2?5 D46?2C:@ A=2??:?8k^DEC@?8mk^Am

kAm$E2E:4 7@C642DED 3F:=E @? =2DE BF2CE6CVD 2DDF>AE:@?D BF:4<=J 8@ DE2=6] px 286?ED 42? 2?2=JK6 9:DE@C:42= 4@?E6IE 2=@?8D:56 C62=\E:>6 >2C<6E EC6?5D 2?5 :?E6C?2= A6C7@C>2?46 52E2 E@ 3F:=5 5J?2>:4 7@C642DED E92E FA52E6 2D E96 F?56C=J:?8 G2C:23=6D 492?86]k^Am

kAm$2J J@F H2?E E@ >@56= E96 :>A24E @7 2 `dT E2C:77 :?4C62D6 @? DFAA=J 492:? 4@DED] p? 286?E 42? AF== E96 C6=6G2?E 52E2[ CF? E96 D46?2C:@D[ 2?5 244@F?E 7@C E9:?8D =:<6 D62D@?2=:EJ 2?5 G6?5@C 4@?46?EC2E:@? :? 2 7C24E:@? @7 E96 E:>6 :E H@F=5 E2<6 J@F E@ 3F:=5 E96 >@56= :? 2 DAC625D966E]k^Am

kAmkDEC@?8m!C@4FC6>6?E 2?5 G6?5@C >2?286>6?Ek^DEC@?8mk^Am

kAm|2?F2= k2 9C67lQ9EEADi^^C2>A]4@>^3=@8^AC@4FC6>6?E\H@C<7=@H\6I2>A=6DQmAC@4FC6>6?E H@C<7=@HDk^2m 2C6 D=@H 2?5 C6D@FC46\:?E6?D:G6] p86?ED 42? E2<6 @? G6?5@C 5:D4@G6CJ 3J D42??:?8 DFAA=:6C 52E232D6D 2?5 D4@C:?8 A@E6?E:2= A2CE?6CD 282:?DE J@FC 4C:E6C:2]k^Am

kAm%96J 42? 2=D@ :DDF6 #u!D[ ?@C>2=:K6 E96 C6DA@?D6D 2D E96J 4@>6 :?[ 2?5 56=:G6C 2 C2?<65 D9@CE=:DE] u@C =62? 7:?2?46 E62>D H96C6 AC@4FC6>6?E @7E6? 72==D E@ D@>6@?6 H:E9 2 7F== A=2E6[ E92E 7C66D FA C62= E:>6 7@C 9:896C\=6G6C286 H@C<]k^Am

kAmkDEC@?8mrC65:E F?56CHC:E:?8 2?5 =6?5:?8k^DEC@?8mk^Am

kAmp86?ED 42? 2DD6DD 4C65:EH@CE9:?6DD 3J AF==:?8 7C@> 7:?2?4:2= DE2E6>6?ED[ 4C65:E 3FC62F 52E2[ EC2?D24E:@? 9:DE@CJ[ 2?5 >2C<6E 4@?5:E:@?D 2E E96 D2>6 E:>6] %96J 4@>3:?6 E96D6 :?AFED :?E@ 2 =6?5:?8 C64@>>6?52E:@? H:E9 2 C:D< D4@C6 2?5 DFAA@CE:?8 C2E:@?2=6] p 9F>2? C6G:6H6C 42? 6G2=F2E6 E96 C64@>>6?52E:@? BF:4<=J[ H:E9 2== E96 F?56C=J:?8 52E2 2G2:=23=6 7@C 2F5:E]k^Am

kAmkDEC@?8mrFDE@>6C D6CG:46 2?5 4@==64E:@?Dk^DEC@?8mk^Am

kAmp86?ED 42? E2<6 @? E96 9:89\G@=F>6 H@C< @7 2?DH6C:?8 C@FE:?6 4FDE@>6C BF6DE:@?D =:<6 32=2?46 :?BF:C:6D 2?5 A2J>6?E DE2EFD FA52E6D[ H9:49 7C66D FA J@FC E62> 7@C 4@>A=6I 42D6D] #6DA@?D6D 2C6 A6CD@?2=:K65 32D65 @? 244@F?E 9:DE@CJ C2E96C E92? AF==65 7C@> 2 86?6C:4 D4C:AE]k^Am

kAmu@C 4@==64E:@?D[ 286?ED >2?286 @FEC6249 2?5 25;FDE 4@>>F?:42E:@? E:>:?8 32D65 @? A2J>6?E A2EE6C?D[ 6D42=2E:?8 244@F?ED E92E ?665 2 9F>2?] %96J 42? 2=D@ ?68@E:2E6 A2J>6?E A=2?D H:E9:? A2C2>6E6CD J@F D6E[ H9:49 96=AD AC6D6CG6 4FDE@>6C C6=2E:@?D9:AD H9:=6 :>AC@G:?8 C64@G6CJ C2E6D]k^Am

k9bmq6?67:ED 7:?2?46 E62>D 42? 6IA64E :? a_aek^9bm

kAmpx 286?ED 42? :>AC@G6 E96 52J\E@\52J H@C< @7 J@FC 7:?2?46 E62> :? 4@?4C6E6 H2JD]k^Am

kF=mk=: 52E2\=:DE\:E6>\:5lQ6cae4e_d746g73g64ca2d3245`chff6ahQmkDEC@?8mu6H6C >2?F2= 6CC@CDk^DEC@?8mi p86?ED 4FE 5@H? E96 <:?5D @7 >:DE2<6D E92E C6DF=E 7C@> >2?F2= 52E2 6?ECJ 2?5 6IA6?D6 4@5:?8] (96? J@FC 4=@D6 AC@46DD CF?D E9C@F89 2? 286?E :?DE625 @7 2 DAC625D966E[ EC2?DA@D:E:@? 6CC@CD 2?5 >:D4@565 6IA6?D6D 5C@A D92CA=J]k^=:mk=: 52E2\=:DE\:E6>\:5lQ66bh46g3ch2g4g2`62725a_b726c3fff7QmkDEC@?8mu2DE6C AC@46DD:?8 E:>6Dk^DEC@?8mi x?G@:46 >2E49:?8 2?5 6IA6?D6 C64@?4:=:2E:@? E92E FD65 E@ E2<6 9@FCD @C 52JD ?@H 7:?:D9 :? >:?FE6D[ H9:49 8:G6D J@FC E62> >@C6 E:>6 7@C H@C< E92E 24EF2==J C6BF:C6D ;F58>6?Ek^=:mk=: 52E2\=:DE\:E6>\:5lQ662c75237ec72ac53`_6_2f45af2bb6`4QmkDEC@?8mq6EE6C 564:D:@?\>2<:?8k^DEC@?8mi #62=\E:>6 2?2=JD:D >62?D J@FVC6 H@C<:?8 7C@> 4FCC6?E ?F>36CD :?DE625 @7 =2DE >@?E9’D C6A@CED] p86?ED DFC7246 EC6?5D 2?5 2?@>2=:6D 2D E96J 92AA6?[ D@ J@FC C625 @? J@FC 7:?2?4:2= A@D:E:@? :D 2=H2JD FA E@ 52E6]k^=:mk=: 52E2\=:DE\:E6>\:5lQ656h_hcdd6h2_7g`335db2667573ab7`aQmkDEC@?8m$EC@?86C 4@>A=:2?46k^DEC@?8mi p86?ED 6?7@C46 J@FC A@=:4J 4@?D:DE6?E=J 24C@DD 6G6CJ EC2?D24E:@?]k^=:mk^F=m

kAmqFE ?@?6 @7 E96D6 36?67:ED D9@H FA @G6C?:89E] %96J 3F:=5 2D J@FC E62> =62C?D H92E E@ 56=682E6 2?5 H92E E@ 92?5=6 E96>D6=G6D]k^Am

k9bm#:D<D 2?5 4@?EC@=D 7@C 7:?2?46 286?EDk^9bm

kAmpFE@?@>@FD DJDE6>D ?665 8F2C5C2:=D] s6A=@J:?8 286?ED H:E9@FE E96 C:89E 4@?EC@=D 4C62E6D ?6H C:D<D E92E 42? F?56C>:?6 E96:C 36?67:ED]k^Am

kF=mk=: 52E2\=:DE\:E6>\:5lQ65f3fcd557g7cf_gg7_2h5gd2g__7`fa6QmkDEC@?8ms2E2 BF2=:EJk^DEC@?8mi s:CEJ @C :?4@>A=6E6 52E2 =625D E@ F?C6=:23=6 @FEAFED] q67@C6 56A=@J:?8 2? 286?E[ 2F5:E J@FC 52E2 D@FC46D 2?5 D6E BF2=:EJ DE2?52C5D]k^=:mk=: 52E2\=:DE\:E6>\:5lQ6ff`gbhhfcg`ce4gd2g46f5bg75de`5e2QmkDEC@?8mwF>2? @G6CD:89Ek^DEC@?8mi *@F D9@F=5?VE 2FE@>2E6 6G6CJ 564:D:@?] $6E 4=62C E9C6D9@=5D 7@C H96? 286?ED 42? 24E @? E96:C @H? 2?5 H96? E96J ?665 9F>2? 2AAC@G2=]k^=:mk=: 52E2\=:DE\:E6>\:5lQ6765d74hcd4g343667_`74d`ad26cfdc2QmkDEC@?8mpF5:E EC2:=Dk^DEC@?8mi tG6CJ 286?E 24E:@? D9@F=5 36 =@8865 H:E9 E96 564:D:@? >256[ E96 52E2 369:?5 :E[ 2?5 E96 A@=:4J E92E 8@G6C?65 :E] pF5:E@CD 2?5 C68F=2E@CD ?665 E@ 36 23=6 E@ EC246 2?J 24E:@? 324< E@ :ED D@FC46]k^=:mk=: 52E2\=:DE\:E6>\:5lQ63hc7`4h3hhehc_333h2bc7g74276a7_5QmkDEC@?8m$64FC:EJk^DEC@?8mi p86?ED 2446DD D6?D:E:G6 7:?2?4:2= 52E2 2?5 :?E6C24E H:E9 6IE6C?2= DJDE6>D] $4@A6 E96:C A6C>:DD:@?D E:89E=J[ 6?4CJAE 52E2 :? EC2?D:E 2?5 2E C6DE[ 2?5 C6G:6H 2446DD 4@?EC@=D C68F=2C=J]k^=:mk^F=m

kAm%96 8@2= 96C6 :D E@ 8:G6 286?ED 6?@F89 C@@> E@ 5@ C62= H@C< H9:=6 <66A:?8 J@FC E62> :? E96 =@@A @? E96 564:D:@?D E92E ?665 E96:C ;F58>6?E]k^Am

k9bmw@H E@ :>A=6>6?E 2? px 286?E 7@C 7:?2?46 E2D<Dk^9bm

kAm*@F 5@?VE ?665 E@ @G6C92F= J@FC 7:?2?46 DE24< @? 52J @?6] p A92D65 C@==@FE =6ED J@F AC@G6 G2=F6 2?5 3F:=5 ECFDE 367@C6 J@F D42=6]k^Am

kAmkDEC@?8m$E6A `i pDD6DD 52E2 C625:?6DDk^DEC@?8mk^Am

kAm$E2CE 3J 4964<:?8 J@FC 52E2 BF2=:EJ 2?5 :?E68C2E:@?D] pD< J@FCD6=7ik^Am

kF=mk=: 52E2\=:DE\:E6>\:5lQ65bh243`5`a254aa`dg623dfb5a72`a6`QmxD J@FC 52E2 4=62? 2?5 4@?D:DE6?E=J 7@C>2EE65 24C@DD DJDE6>Dnk^=:mk=: 52E2\=:DE\:E6>\:5lQ6c2h4cfb625b4c7356g26_gd_a276d`5fQmr2? J@FC t#![ k2 9C67lQ9EEADi^^C2>A]4@>^3=@8^2:\244@F?E:?8\D@7EH2C6Qm244@F?E:?8 D@7EH2C6k^2m[ 2?5 32?<:?8 A=2E7@C>D D92C6 52E2 G:2 p!xnk^=:mk=: 52E2\=:DE\:E6>\:5lQ662b4`6db3c62c4eb75_35fg_524fh3h5Qms@ J@F 92G6 6?@F89 9:DE@C:42= 52E2 7@C E96 286?E E@ =62C? 7C@>nk^=:mk^F=m

kAmx7 E96 2?DH6C E@ 2?J @7 E96D6 :D Q?@E J6E[Q 255C6DD E9@D6 82AD 7:CDE] s6A=@J:?8 2? 286?E @? E@A @7 F?C6=:23=6 52E2 4C62E6D >@C6 AC@3=6>D E92? :E D@=G6D]k^Am

kAmkDEC@?8m$E6A ai s67:?6 2 9:89\G2=F6 A:=@Ek^DEC@?8mk^Am

kAm!:4< 2 9:89\G@=F>6 >2?F2= H@C<7=@H H96C6 DF446DD :D 62DJ E@ >62DFC6] tIA6?D6 42E68@C:K2E:@?[ :?G@:46 >2E49:?8[ 2?5 G6?5@C BF2=:7:42E:@? 2C6 4@>>@? DE2CE:?8 A@:?ED 3642FD6 E96JVC6 A2:?7F= 6?@F89 E@ ;FDE:7J E96 677@CE 2?5 4@?E2:?65 6?@F89 E@ =:>:E C:D<] s67:?6 H92E DF446DD =@@<D =:<6 367@C6 J@F DE2CE[ H96E96C E92EVD 9@FCD D2G65 @C 6CC@C C2E6D C65F465]k^Am

kAmkDEC@?8m$E6A bi qF:=5 9F>2?\:?\E96\=@@A 4@?EC@=Dk^DEC@?8mk^Am

kAmq67@C6 J@F 6IA2?5[ D6E E96 2AAC@G2= H@C<7=@HD 2?5 4@?EC@=D E92E H:== 8@G6C? J@FC 286?ED] s64:56 H9:49 24E:@?D C6BF:C6 9F>2? C6G:6H 2?5 D6E 5@==2C E9C6D9@=5D 7@C E96 @?6D 286?ED 42? 92?5=6 @? E96:C @H?] qF:=5 6D42=2E:@? A2E9D 7@C E96 6I46AE:@?D]k^Am

kAm$<:AA:?8 E9:D DE6A :? E96 ?2>6 @7 DA665 4C62E6D 4@>A=:2?46 6IA@DFC6 2?5 6C@56D ECFDE H:E9 J@FC E62>] qF:=5 E96 8F2C5C2:=D 7:CDE[ E96? =6E E96 286?E CF? H:E9:? E96>]k^Am

kAmkDEC@?8m$E6A ci |62DFC6 #~x 2?5 :E6C2E6k^DEC@?8mk^Am

kAm%C24< A6C7@C>2?46 282:?DE E96 DF446DD >6EC:4D J@F 567:?65 :? DE6A EH@] r@>A2C6 AC@46DD:?8 E:>6D[ 6CC@C C2E6D[ 2?5 J@FC E62>’D 42A24:EJ 367@C6 2?5 27E6C 56A=@J>6?E]k^Am

kAmq6 9@?6DE 23@FE H92E’D H@C<:?8 2?5 H92E :D?’E] x7 E96 286?E :D >:D42E68@C:K:?8 2 DA64:7:4 k2 9C67lQ9EEADi^^C2>A]4@>^3=@8^6IA6?D6D\:?\244@F?E:?8Qm6IA6?D6 EJA6k^2m[ C6EC2:? :E] x7 E96 2AAC@G2= E9C6D9@=5D 2C6 E@@ E:89E 2?5 4C62E:?8 3@EE=6?64<D[ 25;FDE E96>] %96 8@2= :D 4@?E:?F@FD :>AC@G6>6?E]k^Am

kAmkDEC@?8m$E6A di $42=6 24C@DD H@C<7=@HDk^DEC@?8mk^Am

kAm~?46 J@FC A:=@E AC@G6D G2=F6[ 6IA2?5 E@ 25;246?E H@C<7=@HD] x7 J@F DE2CE65 H:E9 6IA6?D6 42E68@C:K2E:@?[ 7@C 6I2>A=6[ >@G6 E@ :?G@:46 AC@46DD:?8] tG6CJ 286?E J@F 255 E2<6D >2?F2= H@C< @77 J@FC E62>’D A=2E6[ 2?5 E96 DE2?52C5D J@F’G6 2=C625J D6E H:== >2<6 J@FC ?6IE 56A=@J>6?ED 72DE6C]k^Am

k9bmw@H E@ 49@@D6 2 D@7EH2C6 A2CE?6C 7@C 2FE@?@>@FD 7:?2?46k^9bm

kAm}@E 2== px 286?ED 2C6 3F:=E 7@C 7:?2?46] (96? 6G2=F2E:?8 G6?5@CD[ 7@4FD @? 4C:E6C:2 E92E >2EE6C DA64:7:42==J 7@C J@FC 7F?4E:@?]k^Am

kF=mk=: 52E2\=:DE\:E6>\:5lQ6f3b7b7626cgf73_7fedb75a524ebce3`Qmu:?2?46 5@>2:? 6IA6CE:D6i p 86?6C2=\AFCA@D6 px E@@= H@?VE F?56CDE2?5 E96 ?F2?46D @7 v{ 4@5:?8[ k2 9C67lQ9EEADi^^C2>A]4@>^3=@8^244@F?ED\A2J23=6^b\H2J\>2E49QmE9C66\H2J >2E49:?8k^2m[ @C DA6?5 A@=:4J 6?7@C46>6?E E96 H2J 2 7:?2?46\?2E:G6 A=2E7@C> H:==] {@@< 7@C AC@G:56CD H:E9 566A 7:?2?46 6IA6C:6?46 2?5 >@56=D EC2:?65 @? C62= EC2?D24E:@? 52E2]k^=:mk=: 52E2\=:DE\:E6>\:5lQ623d4h3a37acgc6533b6_724f5a_6_c6bQmx?E68C2E:@? 56AE9i *@FC 286?ED ?665 E@ H@C< H:E9 J@FC 244@F?E:?8 D@7EH2C6 2?5 32?<:?8 DJDE6>D] pD< 23@FE AC6\3F:=E :?E68C2E:@?D[ p!x 7=6I:3:=:EJ[ 2?5 9@H E96 A=2E7@C> 92?5=6D 52E2 DJ?4:?8 24C@DD DJDE6>D] x7 :E 42?VE A=2J ?:46 H:E9 J@FC DE24<[ :E 42?VE 56=:G6C G2=F6]k^=:mk=: 52E2\=:DE\:E6>\:5lQ6573d_hf3fhbghf47`7_4_42_7db4ecafQmr@>A=:2?46 A@DEFC6i pF5:E EC2:=D[ 52E2 C6E6?E:@?[ $~r a 4@>A=:2?46[ 6?4CJAE:@?[ 2?5 2446DD 4@?EC@=D 2C6?’E @AE:@?2=] pD< G6?5@CD 7@C DA64:7:4D @? 9@H E96J 92?5=6 6249 @?6]k^=:mk=: 52E2\=:DE\:E6>\:5lQ6f`ha6`3dgh27h6aebh3cf_dc2d_aggb7Qmx>A=6>6?E2E:@? 2?5 DFAA@CEi p A@H6C7F= A=2E7@C> E92EVD 92C5 E@ 4@?7:8FC6 H@?VE 56=:G6C H92E J@FVC6 6IA64E:?8] {@@< 2E E96 @?3@2C5:?8 AC@46DD[ E96 @?8@:?8 DFAA@CE >@56=[ 2?5 E96 EC2:?:?8 C6D@FC46D 2G2:=23=6 E@ J@FC E62>]k^=:mk=: 52E2\=:DE\:E6>\:5lQ6g3ffgc5hace4e7`bec56b26e344b5a6cQmp86?E EC2?DA2C6?4Ji pD< 9@H E96 A=2E7@C> 92?5=6D F?46CE2:?EJ] p 8@@5 286?E D9@F=5 C64@8?:K6 H96? :EVD ?@E DFC6 2?5 C@FE6 E9@D6 42D6D E@ 2 9F>2?[ H:E9 :ED 7F== C62D@?:?8 G:D:3=6 E@ H9@6G6C A:4<D E96> FA] *@F 42?’E 2F5:E H92E J@F 42?’E D66[ 2?5 7:?2?46 H@C< ?665D E@ 36 2F5:E23=6]k^=:mk^F=m

kAm&D6 E96D6 2D 2 4964<=:DE H96? D4@A:?8 G6?5@CD[ 3FE 5@?VE 6IA64E 2?J @?6 A=2E7@C> E@ 246 2== 7@FC] &=E:>2E6=J[ J@F D9@F=5 32D6 J@FC A:4< @? E96 4C:E6C:2 E92E >2EE6C >@DE 7@C J@FC 3FD:?6DD]k^Am

k9bm%96 7FEFC6 @7 px 286?ED :? 7:?2?46k^9bm

kAm*@F 42? 2=C625J D66 H96C6 7:?2?46 286?ED 2C6 962565 :? H92E’D 36:?8 3F:=E E@52J] %9C66 42A23:=:E:6D :? A2CE:4F=2C 2C6 H@CE9 H2E49:?8i >F=E:286?E 4@@C5:?2E:@?[ 56=682E65 2FE9@C:K2E:@?[ 2?5 A2J>6?E :?7C2DECF4EFC6 3F:=E 7@C >249:?6D]k^Am

kAmkDEC@?8m|F=E:286?E 4@@C5:?2E:@? 24C@DD 7:?2?46 7F?4E:@?Dk^DEC@?8mk^Am

kAm%@52J[ >@DE px 286?ED @A6C2E6 H:E9:? 2 D:?8=6 =2?6i p! 92D :ED @H? 286?E[ AC@4FC6>6?E 92D 2?@E96C[ 6IA6?D6 >2?286>6?E 92D 2 E9:C5[ 2?5 D@ @?] %96 ?6IE DE6A :D 7@C E96D6 286?ED E@ 4@@C5:?2E6 H:E9 6249 @E96C 24C@DD 7F?4E:@?D]k^Am

kAmx>28:?6 J@FC AC@4FC6>6?E 286?E ?68@E:2E:?8 2 G6?5@C 4@?EC24E[ J@FC p! 286?E D6EE:?8 FA E96 k2 9C67lQ9EEADi^^C2>A]4@>^3=@8^A2J>6?E\E6C>DQmA2J>6?E E6C>Dk^2m[ 2?5 J@FC 7@C642DE:?8 286?E 25;FDE:?8 42D9 7=@H AC@;64E:@?D[ 2== EC:886C65 3J 2 D:?8=6 6G6?E] %96 92?5\@77D E92E FD65 E@ C6BF:C6 9F>2? 4@@C5:?2E:@? 92AA6? 2FE@>2E:42==J]k^Am

kAmkDEC@?8mx56?E:EJ 2?5 2FE9@C:K2E:@? 7@C 286?ED 24E:?8 @? 3692=7 @7 6>A=@J66Dk^DEC@?8mk^Am

kAmpD 286?ED E2<6 >@C6 2FE@?@>@FD 24E:@?D[ 2 ?6H AC@3=6> 6>6C86Di AC@G:?8 H9@ 2FE9@C:K65 H92E] (96? 2? 286?E 3@@<D 2 7=:89E @C C6?6HD 2 DF3D4C:AE:@?[ E96C6 ?665D E@ 36 2 4=62C 492:? @7 244@F?E23:=:EJ 7C@> E96 6>A=@J66 H9@ 56=682E65 E96 E2D< E@ E96 286?E E92E 6I64FE65 :E]k^Am

kAm$4@A65 4C656?E:2=D D@=G6 E9:D 2E E96 A2J>6?E =2J6C] t249 EC2?D24E:@? :D E:65 E@ 2 DA64:7:4 286?E[ 2 DA64:7:4 6>A=@J66[ 2?5 2 DA64:7:4 A@=:4J[ 4C62E:?8 2? 2F5:E23=6 C64@C5 E92E 9@=5D FA E@ 3@E9 :?E6C?2= C6G:6H 2?5 6IE6C?2= 4@>A=:2?46 4964<D] tIA64E E9:D A2EE6C? E@ 6IA2?5 36J@?5 A2J>6?ED :?E@ @E96C 2C62D H96C6 286?ED 24E @? 3692=7 @7 6>A=@J66D]k^Am

kAmkDEC@?8mw@H 286?E:4 4@>>6C46 :D 492?8:?8 qaq A2J>6?ED :?7C2DECF4EFC6k^DEC@?8mk^Am

kAm%@52JVD A2J>6?E 42C5 :?7C2DECF4EFC6 H2D 3F:=E 2C@F?5 9F>2?D EJA:?8 7:I65 56E2:=D =:<6 42C5 ?F>36CD 2?5 r''D :?E@ 2 4964<@FE 7@C>]k^Am

kAmt>6C8:?8 >@56=D =:<6 ':D2 x?E6==:86?E r@>>6C46 C6A=246 DE2E:4 4C656?E:2=D H:E9 D:?8=6\FD6 E@<6?D E92E 286?ED C6BF6DE 2?5 FD6 @? 56>2?5]k^Am

kAm%9:D :?7C2DECF4EFC6 :D 36:?8 3F:=E C:89E ?@H] u:?2?46 E62>D E92E 25@AE :E 62C=J H:== 92G6 2? 25G2?E286 H96? >249:?6\E@\>249:?6 4@>>6C46 364@>6D >2:?DEC62>]k^Am

kAmk2 9C67lQ9EEADi^^C2>A]4@>^3=@8^2:\286?ED\7:?2?46Qmk6>m%9:D DE@CJk^6>mk^2m k6>mH2D AC@5F465 3Jk^6>m k2 9C67lQ9EEADi^^C2>A]4@>^Qmk6>m#2>Ak^6>mk^2m k6>m2?5 C6G:6H65 2?5 5:DEC:3FE65 3Jk^6>m k2 9C67lQ9EEADi^^9F3D]=2^"_b<=8$#_Q C6=lQ?@7@==@HQmk6>m$E24<6Ck^6>mk^2m]k^Am